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Colorado Springs Chamber & EDC Celebrates Recent Success and Expands Economic Development

The Colorado Springs Chamber & EDC has had a fruitful month with various achievements and announcements. Notably, the organization hosted its annual gala where it unveiled the winners of its first Trailblazers of Economic Development Award. Additionally, the Chamber & EDC’s Titans of Economic Development Campaign has reached a significant milestone of $3 million. Another exciting development is the major expansion of Infinity Systems Engineering in Colorado Springs, which is expected to bring 400 new jobs to the region.

The Chamber & EDC has been actively involved in numerous economic development projects over the past 20 months, attracting over $2 billion in capital investment. These projects include the establishment of the Entegris Manufacturing Center of Excellence, Switzerland-based Meyer Burger’s solar cell production facility, the Bluestaq expansion, Microchip’s $880 million manufacturing facility expansion, INTUITIVE’s expansion, and the Zivaro expansion.

Infinity Systems Engineering’s expansion involves a $14.7 million capital investment to expand its Springs headquarters and introduce a new product line. This expansion will incorporate artificial intelligence and machine learning into its systems engineering services, benefiting the Department of Defense. The project is projected to create 459 jobs with an average annual wage of $120,000.

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‘SUCCESS BREEDS SUCCESS’

Johnna Reeder Kleymeyer, President and CEO of the Chamber & EDC, recognizes the significance of Infinity Systems Engineering’s expansion and its contribution to the momentum of the economic development projects in the defense and aerospace industry. She emphasizes the importance of building a cluster effect by attracting more companies operating within the same sector, which in turn brings more talent, research and development investments, and supply chain opportunities. The multiplier effect of such investments extends beyond the job creation aspect, benefiting various sectors like construction, retail, and education.

Reeder Kleymeyer highlights the Chamber & EDC’s commitment to diversifying the economy by targeting defense, aerospace, cybersecurity, software development, and advanced manufacturing sectors. This approach ensures that the region is not overly dependent on a single sector, safeguarding the economy from potential downturns or global events.

TRAILBLAZERS

The Chamber & EDC bestowed the inaugural Trailblazers of Economic Development Award at its gala, recognizing the visionary strategic plan created by David Sunderland, Steve Schuck, and Bruce Shepard. Their efforts over 50 years ago led to the establishment of the Quality Economic Development Council, which subsequently became the Colorado Springs Chamber & EDC. This strategic plan played a crucial role in diversifying the economy of the Pikes Peak region, expanding it beyond military and tourism sectors to include high-tech firms. The recipients’ contributions continue to shape the Chamber & EDC’s economic competitiveness, business growth, innovation, and job creation endeavors.

Reeder Kleymeyer expresses her gratitude for the trailblazers’ legacy, emphasizing the importance of understanding the past to guide the organization’s present and future decisions. She acknowledges the honor of carrying on their work and building upon their achievements.

TITANS HITS $3M

The Titans of Economic Development Campaign, aimed at accelerating economic development efforts in El Paso County and Colorado Springs, has reached a milestone of $3 million. This six-month campaign seeks to raise funds and garner support for proactive economic development initiatives. It will be followed by a three-year strategic plan that includes investor engagement in attraction and expansion projects, data-driven decision-making, and talent retention and attraction programs.

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